41 Wiggins DriveBallston SpaNY12020
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Ballston Spa at 41 Wiggins Drive, Ballston Spa, NY, 12020 generates $2,822/mo in rent, after a $2,740/mo payment. Total monthly income is $2,822/mo. Return on cash invested sits at 12.95% in year one, and rental yield is 6.05% on a $559,800 entry. Equity gained on principal adds $3,612/yr, while 5% annual appreciation builds toward $154,662 over five years. Five-year ROI reaches 66.55% and total cumulative return in cash sums $122,571. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,822/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
7,405 sqft lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12020, Ballston Spa, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,355 (100%) |
| Owner Occupied HU | 10,454 (63.9%) |
| Renter Occupied HU | 4,631 (28.3%) |
| Vacant Housing Units | 1,270 ( 7.8%) |
| Median Home Value | $368,074 |
| Average Home Value | $412,521 |
Housing Distribution
Address Breakdown
Residential
15,952
Single Family
14,853
Multi-Family
1,099
Businesses
1,015
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Listed by: Anthony M Gucciardo • Gucciardo Real Estate LLC
Mls Name: Global MLS
Mls Provider:
Mls ID: #202524534
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Judy Moriarty, Zillow, Inc., Corp. Broker